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Unit information: Macroeconomic Theory and Policy in 2019/20

Please note: Due to alternative arrangements for teaching and assessment in place from 18 March 2020 to mitigate against the restrictions in place due to COVID-19, information shown for 2019/20 may not always be accurate.

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Macroeconomic Theory and Policy
Unit code ECON30077
Credit points 20
Level of study H/6
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Choi
Open unit status Not open

Intermediate Economics 2 (EFIM20009) and either EFIM20011 Econometrics or EFIM20010 Applied Quantitative Research Methods



School/department School of Economics
Faculty Faculty of Social Sciences and Law


The broad aims of this unit are to extend studentsÂ’ knowledge of macroeconomic theory beyond the second year level, and to explore the implications for current macroeconomic issues - and government policy to deal with them - of recent developments in macroeconomic theory.

The topics covered change each year but they are generally a mixture of new topics and extensions of topics introduced in the first and second years.

Arguments will be explained in lectures using mainly diagrams; the lecturers will supply additional material, including any more technical material, in handouts.

These lecturers' handouts provide the core reading - 'the textbook' - for each topic in the unit. Other readings will include mathematical and non-mathematical alternatives.

Intended learning outcomes

  • Increase the depth and breadth of student understanding of macroeconomic theory
  • Increase student knowledge of current macroeconomic events
  • Increase student ability to use macroeconomic theory to understand and analyse current macroeconomic events

Teaching details

  • 18 lectures
  • 8 classes

This pattern of teaching may be changed slightly to accommodate the Easter Vacation.

Assessment Details

Summative Assessment:

This is a three-hour closed book exam, consisting of eight or nine questions from which students choose three. Each question will require students to demonstrate all of the three learning outcomes.

Formative Assessment:

Students will write two essays which will form the basis of class discussions. The typical essay length is 2,000 – 2,500 words. These essays too will require the student to demonstrate all of the three learning outcomes

Reading and References

Lecturers' handouts together with specific items on websites and blogs.